"I spent 50-200% more on an item of similar utility" is a status statement, even if every other guy can afford it. Bonus points for a new iphone every time one

"I spent 50-200% more on an item of similar utility" is a status statement, even if every other guy can afford it. Bonus points for a new iphone every time one is released. You can make your own conclusions about people who are affected by such status statements.